Asset Manager
- Morgan Properties

The Asset Manager Functions as the primary financial resource for assigned Area Vice President along with the Regional Managers and field staff for the property portfolio. This person provides support through assistance with preparation of budgets and measuring property performance against budgets and proformas. Reviews of financials are done monthly in order to identify watch list sites or areas of concern. This person will be collaborating with the team to prioritize issues and implement strategic plans to ensure their portfolio meets annual financial and operational goals.

Establishes and maintains close working relationships with assigned Area Vice President and their Regional Managers, Property Managers and other operations staff. Responsibilities include preparing annual budgets, measuring and managing property performance against budgets and pro formas, as well as resolving accounting-related problems.

Works with operations team to develop annual asset management plans to achieve defined property goals consistent with strategic plans.

Participates in the capital budget process by analyzing potential returns on in-unit renovations and new amenities and reviews occupancy and market rent data for properties that have successfully completed similar renovations.

Identifies reporting requirements and works with staff accountant to ensure proper preparation and distribution of monthly summary reports to partners and quarterly summary reports to lenders.

Manages the cash draw process and works with staff accountant to gather expense support to submit to partners and lenders.

Tracks and reports on status of immediate needs repairs mandated by lender in order to obtain escrowed funds.

Projects and works to increase cash generated from operations for capital distributions to partners.

Hosts monthly calls with partners to recap financial results and address any questions or concerns.

Supports Director of Asset Management and Area Vice President in the preparation for quarterly financial reviews and annual budget presentations for senior management.

Assists Area Vice President with financial training portion of quarterly staff meetings.

Supports the acquisitions team as needed with financial analysis and the due diligence process for properties we are acquiring.

Evaluates and adheres to all accounting policies and procedures.

Assists with special projects as requested

Position may require up to 10% travel.

Qualifications:

Bachelor's degree (B. A.) from four-year college or university and or 2-3 years related experience and/or trainingor 5+ years related experience and/or training.